Day: June 15, 2021

Why Elon Musk is Pushing Renewable Energy for Cryptomining

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San Francisco / USA – Mar, 2020: Elon Musk, CEO of SpaceX, founder of Tesla. Famous entrepreneur. Vector portrait illustration. The ‘Dogefather’ Elon Musk  delivered his ultimatum on Sunday, essentially.  It’s pretty easy to see why. When the goal of your business is to reduce fossil fuel consumption, it’s important to take a lead. Elon Musk’s tweets about Bitcoin are the all-time best example of just how much power he holds.  There are many things we can admire Elon Musk for, and chief among them is this move. Regardless of…

Bitcoin’s Value is Surging Again after Tesla Tycoon Elon Musk’s latest Tweet – Blockchain News, Opinion, TV and Jobs

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The price of Bitcoin rose again after Elon Musk announced that his company, Tesla, would possibly accept the digital currency as a form of payment again, providing virtual mining would take a more non-polluting path. Musk announced that if 50% or more Bitcoin mining would be done with renewable energy, this would be enough for him to restart the option for people to purchase Teslacars with Bitcoin again. The electric car manufacturer stopped accepting BTC as a form of payment last May, after only accepting the option for Bitcoin payments…

Uniting DeFi and NFTs in gaming

The so-called freemium model has also been rapidly increasing, where a game is free to play but players can make in-game purchases and advertisers can pay for eyeballs. This model is not a universally great experience, though. In some cases, it can lead to pay-to-win situations, which go against the whole skills-and-luck ethos of gaming. Source

Biden Eyes Taxing Crypto, Thailand Clamps Down

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The first half of this year saw massive rallies in crypto, and big regulatory moves in response.  Key Points: Biden Administration to require banks/exchanges/blockchain/crypto/defi companies to report Crypto transactions over $10,000 to the IRS. Thailand SEC Cracks Down: Effective June 11, 2021, Meme Tokens (Such as Doge), Fan Tokens, NFTs and Exchange Tokens cannot be traded in Thailand. Regulation fears one reason for the recent crypto dip. Some worry more regulation will cause further declines for all cryptocurrencies. Crypto Regulation in the US Rears its Ugly Head…